SHERP

Economic Growth, Engel's Law, and Structural Transformation

Cited 0 time in webofscience Cited 0 time in scopus
Authors
Shin, DoChull
Issue Date
1995
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 8 (No. 1 1995): 1-22
Keywords
structural transformation; diminishing importance; agricultural sector
Abstract
This paper presents a model of structural transformation in the course of economic development and contrasts simulation results with actual data. Important features of the United States historical data such as the diminishing importance of agriculture in terms of labor force or GDP fraction can be generated by the model. It is shown that the structural dynamics bringing about diminution of agriculture calls for a nonhomothetic preference specification.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/1052
Files in This Item:
Appears in Collections:
College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.08(1) (Spring 1995)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse